A nest, not a 'nest egg'

Queenstown's revolution in affordable housing

Jim Boult arrived in Queenstown in 1982 when it was a town of 3,000. After six years as mayor, he led a fight most councils avoid: implementing Inclusionary Zoning to force developers to provide affordable housing in exchange for development rights.

With average house prices at $1.75 million and family homes exceeding $2 million, Queenstown faces a crisis where essential workers—police, teachers, nurses, shop workers—cannot afford to live where they work. Boult's solution captures land from new developments for the Queenstown Lakes Community Housing Trust, which created the innovative Secure Home model where buyers purchase houses but not land, building equity without speculation.

Queenstown Lakes District Council knew the fight would provoke fierce developer resistance and substantial legal costs, yet proceeded anyway, knowing other councils would benefit without sharing the burden. The alternative, Boult warns, is becoming like Aspen—Queenstown's sister city where almost nobody who works there can afford to live.

Despite being a self-described free-market believer, Boult argues housing requires intervention, and Inclusionary Zoning offers the only viable tool currently available to prevent communities from fracturing along economic lines.

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